Google-Deloitte report forecasts sluggish growth for Indian fantasy sports industry year after GST blow

Amid growing tax woes and legal uncertainty, India’s online fantasy sports industry will see a compounded annual growth rate (CAGR) of 7-9% from $1 billion to $1.6 billion by FY 2030, according to a new report jointly published by Google India and Deloitte.

The country’s real-money gaming industry has seen mass layoffs, shutdowns, and a funding crunch since the central government in July 2023, announced the imposition of a 28% Goods and Services Tax (GST) on player entry fees charged by popular fantasy sports apps such as Dream11 and Mobile Premier League (MPL).